Quantitative Researcher

4 months ago


Chicago, United States Durlston Partners Full time

Quant Researcher - Options Market Making - $800k


Hiring an experienced Quant Researcher to develop quantitative models for a high-performance options market-making desk. You will work closely with the technology teams to ensure that trading models and algorithms are seamlessly integrated into the trading infrastructure, with a focus on low-latency execution.


Key Responsibilities:

  • Quantitative Model Development: Develop and refine quantitative models for pricing, volatility forecasting, and the identification of short-term arbitrage opportunities.


  • Market Data Analysis: Leverage your expertise in statistical analysis to parse vast datasets, applying machine learning algorithms where appropriate to enhance decision-making processes and identify new trading opportunities.


  • Strategy Optimization: Optimize risk management and execution efficiency.


  • Back-Testing and Performance Analysis: Conduct rigorous back-testing of strategies, and evaluate potential profitability and risk. Utilize post-trade analysis to iterate and refine strategies, ensuring continuous improvement and adaptation to market conditions.


Required Skills and Qualifications:

  • Expertise in options trading and market making, with a strong track record of developing successful quantitative strategies.
  • A deep understanding of options pricing models, volatility surface dynamics, and the mechanics of options markets.
  • Exceptional skills in Python & C++ programming.
  • Advanced Degree (Ph.D.) in a Quantitative field.


Desired:

  • Experience in a high-frequency trading environment is highly valued.
  • Experience with machine learning frameworks is preferred.



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